DOW dips below 17,000

After the DOW closed over 17,000 for the first time ever last week, US stocks fell early Tuesday morning due to a wide selloff. US stocks have been making record numbers recently. The numbers have been doing so well that it is believed the economy has made a recovery from the harsh Winter of Q1. Although there has been improvement in the jobs market and economy, it doesn’t seem to have directly impacted consumer spending.

Professionals agree that S&P 500 companies should be expected to grow in Q2. The DOW currently sits at 19,906.62, down 117.59 points or -0.69%. Tech shares took a hit, Facebook and Netflix both dropped over 3%, and Tripadvisor fell 5.5%. Shares traded reached 6.18 billion in the US which is a big jump from the June average of 5.79 active shares.